The Coronavirus Job Retention Scheme also known as the furlough scheme will be changing from 1 October 2020.
From September, the government will pay 70% of wages up to a cap of £2,187.50 for the hours the employee is on furlough.
Employers will be required to pay ER National Insurance Contributions and pension contributions and top up employees’ wages to 80% of their wages, up to a cap of £2,500, for time they are furloughed
From October, the government will pay 60% of wages up to a cap of £1,875 for the hours the employee is on furlough. Employers will pay ER National Insurance Contributions and pension contributions and top up employees’ wages to 80% of their wages, up to a cap of £2,500, for time they are furloughed
Employers will continue to able to choose to top up employee wages above the 80% total and £2,500 cap for the hours not worked at their own expense if they wish.
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